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A group of three Brisbane CBD buildings, separately owned by the Carlton Football Club’s president, Blackstone and mining magnate Clive Palmer, has been sold in a property deal valued at $53.75 million.
Amber Hackworthy of First National Commercial Mooloolaba (QLD) on the Sunshine Coast reports that investment properties are selling well as purchasers continue to seek commercial properties, with stable tenancies, and make the most of low interest rates.
Right across Australia, historic low interest rates are stimulating the property market and commercial property has also been a beneficiary.
Commercial property market sentiment climbed to a new high in the first quarter of 2017.
The Victorian Government’s decision to abolish the Stamp Duty concession for ‘off the plan’ sales from 1 July 2017 will slow the supply of new dwellings, and create a significant downturn for the construction sector as a whole, according to Jonathan Walls, First National Commercial’s National Commercial Manager.
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